China inflation rate 2.6% in 2013
BEIJING - China's inflation rate was 2.6 per cent in 2013, official data showed Thursday -- well below the 3.5 per cent target set by the government in the world's second-biggest economy.
The figure for the consumer price index (CPI), a main gauge of inflation, released by the National Bureau of Statistics (NBS) was unchanged from 2012.
Analysts broadly welcomed the statistics, saying they pointed to a stable outlook for prices and a reduced chance of monetary tightening.
Inflation has slowed markedly since 2011, when annual CPI spiked to 5.4 per cent.
AFP
